Listing #:3009303990

Perfect First Motel Business in Busy Timaru

Location: Timaru, Canterbury
If you are looking for your first Motel business at an affordable price this ticks the boxes. It features 13 very presentable units on a prime State Highway 1 (main road) location and, most importantly, is a good performer showing consistently sound returns. With established regular clientele and a pipeline of forward bookings this continues to be popular ‘mid-priced’ accommodation.

The comfortable 3-bedroom on-site Manager's residence is well designed with the Motel reception adjoining the generous living area. This provides a convenient management space.

This business is underpinned by a secure lease with 22yrs still remaining.

Guests are attracted by this Motel’s great location – it is relatively easy walk to Timaru's iconic Caroline Bay and Aquatic Centre and the restaurants on the city's Bay Hill. A supermarket, takeaway outlets and other shops are also within an easy drive.

If you wish to add further scale to the business then there may also be an opportunity to lease a modern house to the rear of the Motels. This complements the Motel business and has proved to be a very popular with families and large groups.

The vendors are planning to step up to a more substantial business and are happy that they leave Homestead Lodge in a great position for the next owners.

Agency reference #: 4835
Asking price: $395,000
Listed: Thu 11 Mar, 11:30 am
Dilan De Silva
Tourism Properties
  • Contact details
  •  (021) 4449692

Advertisement

Agent's details

Dilan De Silva
  •  (021) 4449692
Tourism Properties
(0800) 080094

Email the agent

Log in or register to email the agent.
Expires: Tue 6 Jul, 10:46 am
Page Views
0491